Funding arb · Price arb /

ENA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Ondo Perps−0.019%7-day average +0.037% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.019%, 7d avg +0.037%

Together, before fees+0.121%+ Points / potential airdropOndo Perps: Active · farm board+$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.056% cheaper against Ondo Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps ENA-USD.P	0.2135	0.0100	pay 0.0013% / 1h	21m 13s	$19K	$407K	5x
Short	HTX ENA-USDT	0.2135	0.0100	get 0.0050% / 4h	2h 21m	$275K	$866K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee HTXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → +0.037%: −$5.61
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$22.61
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; HTX: live order book, 7 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 7 min ago	18.62 bp	26.9 bp −$27	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ENA on 41 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ENA_USDC-PERPETUAL	0.0000%	1h	0.2131	−0.215%	$79K	$1.6M	50x	as long as short
gTrade (Gains Network) ENA/USD	L +0.0004% / S −0.0004%	1h	0.2131	−0.195%	$92K	—	150x	as long as short
dYdX ENA-USD	+0.0013%	1h	0.2131	−0.184%	$141K	$15K	5x	as long as short
Injective ENA/USDC PERP	+0.0033%	1h	0.2123	−0.557%	$522	$57K	5.5x	as long as short
Orderly PERP_ENA_USDC	+0.0036%	4h	0.2131	−0.206%	$44K	$28K	10x	as long as short
01 Exchange ENAUSD	+0.0096%	1h	0.2134	−0.084%	$4K	$302	10x	as long as short
Popdex ENAUSDT	+0.0096%	1h	0.2132	−0.155%	$55K	$518K	50x	as long as short
Nado ENA-PERP	+0.0100%	1h	0.2131	−0.185%	$687K	$1.8M	10x	as long as short
Aster ENAUSDT	+0.0100%	4h	0.2131	−0.202%	$1.5M	$3.3M	50x	as long as short
Pacifica ENA	+0.0100%	1h	0.2133	−0.121%	$417K	$544K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ENAUSDT	+0.0100%	4h	0.2132	−0.169%	$132.0M	$443.5M	75x	as long as short
Bybit ENAUSDT	+0.0100%	4h	0.2131	−0.183%	$87.4M	$187.1M	50x	as long as short
OKX ENA-USDT-SWAP	+0.0100%	4h	0.2132	−0.150%	$20.9M	$108.0M	50x	as long as short
Ondo Perps ENA-USD.Plong	+0.0100%	1h	0.2135	long leg	$19K	$407K	5x
Arcus ENA-USD	+0.0100%	1h	0.2134	−0.061%	$79K	$288K	10x	as long as short
Bulk ENA-USD	+0.0100%	1h	0.2135	−0.037%	$94K	$4K	10x	as long as short
Gate ENA_USDT	+0.0100%	4h	0.2132	−0.178%	$11.0M	$21.6M	50x	as long as short
MEXC ENA_USDT	+0.0100%	4h	0.2131	−0.183%	$45.3M	$44.4M	200x	as long as short
KuCoin ENAUSDTM	+0.0100%	4h	0.2133	−0.098%	$24.7M	$16.4M	75x	as long as short
Bitget ENAUSDT	+0.0100%	4h	0.2130	−0.229%	$48.5M	$61.0M	75x	as long as short
BingX ENA-USDC	+0.0100%	4h	0.2131	−0.183%	—	$6.5M	—	as long as short
Backpack ENA_USDC_PERP	+0.0100%	1h	0.2133	−0.126%	$381K	$391K	5x	as long as short
Variational Omni ENA	+0.0100%	4h	0.2134	−0.080%	$3.8M	$10.2M	—	as long as short
edgeX ENAUSDC	+0.0100%	4h	0.2131	−0.196%	$246K	$7.5M	20x	as long as short
GRVT ENA_USDT_Perp	+0.0100%	4h	0.2129	−0.295%	$352K	$4.8M	10x	as long as short
ApeX Omni ENAUSDT	+0.0100%	1h	0.2129	−0.295%	$32K	$657K	50x	as long as short
Polymarket Perps ENA-USD	+0.0100%	1h	0.2131	−0.220%	$184K	$2.4M	10x	as long as short
SunX ENA-USDT	+0.0100%	4h	0.2080	−2.599%	$1K	$853K	20x	as long as short
SoDEX ENA-USD	+0.0100%	1h	0.2131	−0.201%	$4K	$10K	10x	as long as short
HTX ENA-USDTshort	+0.0100%	4h	0.2135	−0.019%	$275K	$866K	50x
Phemex ENAUSDT	+0.0100%	4h	0.2131	−0.201%	$1.9M	$9.2M	50x	as long as short
Paradex ENA-USD-PERP	+0.0100%	8h	0.2133	−0.110%	$48K	$110	10x	as long as short
Aevo ENA-PERP	+0.0104%	1h	0.2131	−0.219%	$75K	$4K	3x	as long as short
Phoenix ENA	+0.0188%	1h	0.2129	−0.290%	$7K	$351K	10x	as long as short
Extended ENA-USD	+0.0232%	1h	0.2130	−0.255%	$1.6M	$4.1M	50x	as long as short
Kraken Futures PF_ENAUSD	+0.0250%	1h	0.2133	−0.129%	$2.7M	$4.5M	50x	as long as short
GMX ENA/USD [ETH-USDC]	L +0.0251% / S −0.0206%	1h	0.2131	−0.197%	$51K	—	100x	as long as short
Lighter ENA	+0.0392%	1h	0.2134	−0.066%	$5.5M	$13.7M	10x	as long as short
Reya ENARUSDPERP	+0.0412%	1h	0.2130	−0.242%	$1K	$5K	15x	as long as short
Hyperliquid ENA	+0.0502%	1h	0.2133	−0.089%	$115.2M	$72.5M	10x	as long as short
Coinbase International ENA-PERP-INTX	+0.0648%	1h	0.2135	−0.005%	$837K	$1.7M	50x	as long as short